{"id":350970,"date":"2025-06-19T12:00:35","date_gmt":"2025-06-19T06:30:35","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=350970"},"modified":"2025-06-19T11:19:05","modified_gmt":"2025-06-19T05:49:05","slug":"unified-pension-scheme-gratuity-benefits-nps-employees","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2025\/06\/19\/unified-pension-scheme-gratuity-benefits-nps-employees\/","title":{"rendered":"Govt rolls out new Unified Pension Scheme under NPS for Central Govt Employees"},"content":{"rendered":"
\n

On 18-6-2025, the Ministry of Finance, Department of Financial Service<\/span> introduced \u2018Unified Pension Scheme (UPS)\u2019<\/span> to extend the pension benefits and retirement gratuity and death gratuity benefits to the employees of Central Government under the National Pension System<\/span> (NPS).<\/p>\n

Key updates of the\u00a0Unified Pension Scheme:<\/h3>\n
    \n
  1. \n

    As notified earlier by the Ministry, on 24-1-2025, the Central Government employees covered under the NPS<\/span> will be granted a one-time option<\/span> to opt for the UPS<\/span> to enhance social security for such employees.<\/p>\n<\/li>\n

  2. \n

    This option is available to recruits who enter Central Government service<\/span> with effect from 1-4-2025<\/span>, allowing them to be included under the UPS framework at the time of joining.<\/p>\n<\/li>\n

  3. \n

    Employees exercising the UPS option will now be eligible for retirement gratuity and death gratuity<\/span> according to the provisions of CCS (Payment of Gratuity under NPS) Rules, 2021<\/span>.<\/p>\n<\/li>\n

  4. \n

    Following this initiative, the Department of Pension and Pensioners\u2019 Welfare<\/span> issued a clarification regarding these provisional changes through an Office Memorandum on 18-6-2025<\/span>, further affirming the eligibility of the employees for gratuity benefits.<\/p>\n<\/li>\n

  5. \n

    This move brings UPS benefits closer to those of the Old Pension Scheme<\/span>, addressing long-standing concerns over equity in retirement coverage.<\/p>\n<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    One-Time UPS Option for NPS Employees.<\/p>\n","protected":false},"author":67525,"featured_media":327921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[39663,83718,83719,83720,83717,2824,29667,83721,68511,83716],"class_list":["post-350970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications","tag-central-government-employees","tag-death-gratuity","tag-department-of-financial-service","tag-department-of-pension-and-pensioners-welfare","tag-employee-benefit","tag-Ministry_of_Finance","tag-national-pension-scheme","tag-pension-policy","tag-retirement-gratuity","tag-unified-pension-scheme"],"yoast_head":"\nGovt rolls out new Unified Pension Scheme| SCC Times<\/title>\n<meta name=\"description\" content=\"Retirement and Death Gratuity Benefits Extended 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